国际支付与结算修订版王益平课后答案x

1、Chapter One1. Fill in the blanks to complete each sentence.(1) local legal system, political, exchange risks(2) open account, advance payment, remittance and collection(3) letter of credit, bank guarantee(4) price terms, delivery terms(5) least/minimum, most/maximum(6) advanee payment(7) open accoun

2、t(8) clean collect!on, documentary collection2. 略3. Tran slate the followi ng terms into En glish.(1) settlement on bank credit(2) the potential for currency fluctuation(3) to clear the goods for export(4) to pay the insurance premiumto carry out export formalities(6) the major participants in inter

3、national trade the commodity inspect!on clause(8) to fulfill the obligati on to deliver the goods(9) the goods have passed over the ship 1 s rail(10) Internatio nal con tract is con eluded in a completely different context than domestic ones4 Decide whether the following statements are true or false

4、.FFTTT T F (8)T(9)T(10)F5. Choose the best answer to each of the following statements(1) -(5) BCCBD (6)-(10) DACCC(11) (15) BDDCD (16)-(20) DCACDChapter Two1 Fill in the blanks to complete each sentence.(1) barter(2) medium of exchange(3) expensive, riskyour(5) Vostro(6) vostro(7) nostro(8) specimen

5、 of authorized signatures, telegraphic test keys, terms and conditions, Swift authentic keys2. Define the following terms(1) Corresp ondent relationship K A bank having direct conn ection or friendly service relati ons with ano therbank. 2(2) Intern ational settlements K International settlements ar

6、e finan cial activities con ducted among different coun tries in which payments are effected or funds are transferred from one country to another in order to settle accounts, debts, claims, etc. emerged in the course of political, economic or cultural contracts among them. 3(3) V isible trade K The

7、exchange of goods and commodities between the buyer and the seller across borders. 2(4) Finan cial tran sacti on K Inter national financial tra nsaction covers foreig n exchange market transacti ons, government supported export credits, syndicated loans, international bond issues, etc. 2(5) Vostro a

8、cco unt K Vostro acco unt is an account held by a bank on behalf of a corresp on dent bank. 33. Tran slate the following terms into En glish.(1) commercial credit(2) control documents(3) acco unt relati on ship(4) cash settlement(5) financ ial intermediary(6) credit advice agency arrangement(8) cred

9、it balance(9) reimbursement method(10) test key/code4 Decide whether the following statements are true or false.TFFTF5. Choose the best answer to each of the following statements(1) -(5) BCDAD (6)-(10) BBDABChapter Three1. Define the following Terms:(1) Negotiable in strume nt K "Anegotiable in

10、 strument is a chose in action, the full and legal title to which istransferable by delivery of the instrument (possibly with the transferor e' ndsorsement) with the result that complete ownership of the instrument and all the property it represents passes free from equities to the transferee, p

11、roviding the latter takes the instrument in good faith and for value. 3(2) Bill of exchange KA bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the pers on giving it, requiri ng the pers on to whom it is addressed to pay on dema nd, or at a fixed o

12、r determinable future time, a sum certain in money, to or to the order of a specified person, or to bearer. 3(3) Check K A check is an unconditional order in writing addressed by the customer to a bank signed by that customer authorizi ng the bank to pay on dema nd a specified sum of money to or to

13、the order of a n amed pers on or to bearer. 2(4) Documentary bill Hit is a bill with shipping documents attached thereto. 2(5) Crossing K A crossing is in effect an instruction to the paying bank from the drawer or holder to pay the fund to a bank only. 2132. Tran slate the followi ng terms into Eng

14、lish.(1) 一般划线支票K generally crossed checkH(2) 特殊划线支票 K specially crossed check 3(3) 过期支票 Ka check that is out of date 3 未到期支票 Kpost dated check 3(5) 大小写金额 K amount in words 2(6) 白背书 K blank endorsement!(7) 特别背书 K special endorsement(8) 限制性背书 K restrictive endorsement 3(9) 跟单汇票documentary bill 2(10) 即

15、期汇票 Ksight draft 3(11) 远期汇票 K usance/term bill2(12) 承兑汇票 K acceptance bill 3(13) 可确定的未来某一天 K determinable future date 2(14) 光票 K clean bill 2(15) 流通票据 K negotiable instrument 3(16) 贴现行 K discounting house 3(17) 商人银行 K merchant bankU(18) 无条件的付款承诺 K unconditional promise of payment 2(19) 负连带责任 K joint

16、ly and severally responsible U(20) 出票后 90 天付款 K payable 90 days after date 33. Decide whether the following statements are true or false.(1)T (2)FTTT(6)F(7)T(8)T(9)T(10) T(11)F (12) T(13) T(14) F(15) T(16) T (17) T(18) F(19) F(20) F4. Choose the best answer to each of the following statements(1) -(5

17、)CACBC (6)-(10) BACBB(11 )-(15) BDCCC(16)-(20) BBAAC5-7略Chapter Four1. Fill in the blanks to complete each sentence.(1) beneficiary(2) payment order / mail advice / debit advice(3) the remittanee amount is large / the transfer of funds is subject to a time limit / test key(4) sell it to his own bank

18、 for crediting his account(5) debits / credits(6) dema nd draft(7) act of dishonor(8) swiftness / reliability / safety / inexpensiveness(9) debiting remitting bank ' s nostro account(10) delivery of the goods2. Define the following Terms.(1) International remittanee means a client (payer) asks h

19、is bank to send a sum of money to a beneficiary abroad by one of the transfer methods at his option while the beneficiary can be paid at the designated bank which is either the remitting bank1 s overseas brandeehnotr its corresp onwith a nostro account.(2) Remitting bank is the bank transferring fun

20、ds at the request of a remitter to its correspondent or its branch in another country and instructing the latter to pay a certain amount of money to a beneficiary.(3) A mail transfer is to transfer funds by means of a payment order or a mail advice, or sometimes a debit advice issued by a remitting

21、bank, at the request of the remitter.(4) Dema nd draft tra nsfer is a remitta nee method using a bank demand draft. It is a n egotiable instrument drawn by one bank on its overseas branch or its correspondent abroad ordering the latter to pay on demand the stated amount to the holder of the draft.(5

22、) Cancellation of the reimbursement under mail transfer or telegraphic transfer is usually done before its payment is made at the request of the remitter or the payee who refuses to receive the payment.3. Tran slate the following terms into En glish.(1)汇款通知单 remittance advice(3)国际汇款单 international m

23、oney order(5)自动支付系统 automated payment system(7)赔偿保证书 letter of indemnity(9) 汇票的不可流通副本 non-negotiable copy of draft(10) 首期付款 down payment(2)汇出汇款 outward remittance(4)往来账户 current account(6)作为偿付in cover(8)信汇通知书mail advice4. Choose the best answer to each of the following statements(1) -(5) BCABD (6)-(

24、10) BBBAAChapter Five1. Fill in the blanks to complete each sentence(1) presenting bank(2) title docume nts / pays the draft / accepts the obligati on to do so(3) legal / the exchange control authorities(4) the payment is made(5) open account / advanee payment(6) In ward collectio n(7) the remitting

25、 bank(8) trust receipt(9) D/P at sight(10) documents, draft, and collection order2. Define the following terms(1) Collectio n is an arran geme nt whereby the goods are shipped and a releva nt bill of excha nge is drawn by the seller on the buyer, and/or shipping documents are forwarded to the seller

26、 bransk with clear instructions for collection through one of its correspondent banks located in the domicile of the buyer.(2) The case of n eed is the representative appoi nted by the prin cipal to act as case of n eed in the eve nt of non accepts nee an d/or non-payment, whose power should be clea

27、rly and fully stated inthe collection.(3) Documentary collection is a collection of financial instruments being accompanied by commercial documents or collection of commercial documents without being accompanied by financial instruments, that is, commercial documents without a bill of exchange. Alte

28、rnatively, the documentary collection is a payment mechanism that allows the exporters to retai n own ership of the goods until they receive payment or are reas on ably certai n that they will receive it.(4) Outward collecti on is a ban king busi ness in which a bank acti ng as the remitting bank se

29、nds the draft drawn against an export with or without shipping documents attached, to an appropriate overseas bank, namely, the collecting bank to get the payme nt or accepts nee from the importer.(5) Collection bill purchased is a kind of financing by banks for exporters under documentary collectio

30、n methods. It means that the remitting bank purchases the documentary bill drawn by the exporter on the importer. It involvesgreat risk for the remitting bank due to lack of a guarantee.3. Tran slate the following terms into En glish.(1) 承兑交单 acceptanee against documents 需要时的代理人case of need(5)物权单据 t

31、itle document(7) 直接托收 direct collection(9) 付款交单 documents against payment 商业承兑汇票trade acceptance(4) 出押汇 export bill purchased(6) 以寄售方式 on consignment(8) 货运单据 shipping documents(10) 远期汇票 time/ tenor/term/ usance draft4. Choose the best answer to each of the following statements(1) -(5) ABCAB (6)-(10)

32、 ACAADChapter Six1 Define the following terms:(1) Letter of credit K The Documentary Credit or letter of credit is an undertaking issued by a bank for the account of the buyer (the applicant) or for its own account, to pay the beneficiary the value of the draft and/or documents provided that the ter

33、ms and conditions of the documentary credit are complied with. 2(2) Confirmed letter of credit K A credit that carries the commitment to pay by both the issuing bank and the advising bank. 2(3) Revolving credit K A credit by which, under the terms and conditions thereof, the amount is renewed or rei

34、nstated without specific amendments to the documentary credit being required. 2(4) Confirming bank H A bank, usually the advising bank, which adds its undertaking to those of the issuing bank and assumes liability under the credit. 3(5) Applicant of the credit K The applicant is always an importer o

35、r a buyer, who fills out and signs an application form, requesting the bank to issue a credit in favor of an exporter or a seller abroad. 22. Translate the following terms or sentences into English.(1) 未授权保兑 K silent confirmation 3(2) 有效地点为开证行所在地的柜台K to expire at the counters of the issuing bank 2(3

36、) 凭代表物权的单据付款 K to pay against documents representing the goods 2(4) 信用证以银行信用代替了商业信用。KA credit places a bank ' s credit instead of commercial credit. 2(5) 信用证独立于它所代表的商业合同。KA credit stands independent of the sales contract. 33. Decide whether the following statements are true or false. F F (3)M4)I

37、5)T F(7)F(8)T(9)F(10)F(11) T(12)T(13) F(14) F(15)T4. Choose the best answer to each of the following statements(I) -(5) BCDBA (6)-(10) DDCCC(II) (15) DDADB (16)-(20) DDDABChapter Seven1. Fill in the blanks to complete each sente nee.(1) completeness, correctness, consistency(2) underlying transactio

38、n(3) authorized signatures, test key(4) comply with(5) ISO currency code2. Translate the following terms or sentences into English.(1) 信用证表面的真实性 K the apparent authenticity of the credit U(2) 标准国际银行惯例 K international standard banking practice U(3) 信息交换系统 K data communication network 2(4) 有足够的资金来支付信用

39、证 K to have sufficient funds to cover the credit 2(5) 买方考虑自 己的要求也同样的重要 K It is equally important that the buyer ' sown requirements be taken into account. 33. Decide whether the followi ng state me nts are true or false. F F (3)FWD5)T T F (8)T(9)F(10)T4. Choose the best answer to each of the fol

40、lowing statements(I) -(5) CDCBC (6)-(10) CAADD(II) (15) ADDABChapter Eight1 Define the following terms:(1) Commercial invoice K The commercial invoice is the key accounting document describing the commercial transaction between the buyer and the seller. It is a document giving details of goods, serv

41、ice, price, quantity, settlement terms and shipment. 2(2) Export license kAn export license is a document prepared by a government authority of a nation granting theright to export a specific quantity of a commodity to a specified country.2(3) Bill of lading K A bill of lading is a document issued b

42、y a carrier to a shipper, signed by the captai n, age nt, orowner of a vessel, providing written evidenee regarding receipt of the goods, the conditions on which transportation is made, and the engagement to deliver goods at the prescribed port of destination to the lawful holder of the bill of ladi

43、ng.2(4) Inspection certificate K A document issued by an authority indicating that goods have been inspected prior to shipment and the results of the inspection. 3(5) Con sular in voice K A con sular in voice is an in voice coveri ng a shipme nt of goods certified in the country of export by a local

44、 consul of the country for which the merchandise is destined. 3 II. Translate the following into English:(1) 战略产品 K strategic commodity U(2) 普惠制 K General System of Preference 3(3) 有预订的泊位 K with reserved berth 3(4) 多式联运提单 K multi-modal transport bill of lading 2(5) 抽样方式 K sampling methodology 23. De

45、cide whether the following statements are true or false.(1)F(2)F T T F F (7)F(8)T(9)T(10)F4. Choose the best answer to each of the following statements-(5)(11)ABDAC(6)-(10) CCCDA(15) DDAAA (16)-(20) ABACDChapter Nine1. Fill in the blanks to complete each sente nee.(1) acceptable accounts receivable

46、/ non-recourse and notification(2) collection as well as the risk of credit losses(3) the level of sales(4) changes in the world economic structure(5) growing demands(6) purchasi ng the die nt1 s acrceocue nivtasbles(7) financial and administration(8) the in voice date / the customer makes his payme

47、 nt(9) market conditions and his assessment of the risks involved in a particular transaction(10) fluctuations in the exchange rate / in the status of the debtor2. Define the following terms(1) Factoring is a form of trade financing that allows sellers to sell their products to overseas buyers essen

48、tially on an open account basis. In simple terms, factoring is the purchase of claims, arising from sales of goods, by a specialized company known as factoring company or factor. Factoring is in fact a three-party transaction between the factor and a business entity, i.e. the exporter selling goods

49、or providing services to foreign the importer.(2) Forfaiti ng is the term gen erally used to denote the purchase of obligati ons falling due at some future date,arising from deliveries of goods and services-mostly export transactionswithout recourse to any previous holder of the obligati on. Simply

50、speaking, forfaiti ng is the busi ness of disco unting medium-term promissory notes or drafts related to an in ternational trade tran saction.3. Tran slate the following terms into English.(1) 或有负债 contingent liability(3) 卖方信贷 supplier credit(5) 信用审定 credit approval买方信贷担保buyer credit guarantee(9) 贸易

51、壁垒 trade barrier(2) 信用额度 credit limit(4) 无追索权的 without recourse资本货物capital goods(8)福费廷融资便利forfaiting facility(10) 大宗采购折扣 bulk purchase discount4. Choose the best answer to each of the following statements(1)8(2)A (3) D (4) C (5) DChapter 101 Fill in the blanks to complete each sentence.(1) secure me

52、chanism for payment / default instrument(2) party ten deri ng / the con tract has bee n awarded(3) presentati on of the ben eficiary1 s dema nd and stipulated docume ntationJ/ )/ 1/ J/ 7 J/4 5 6 7 8 9 /IV /( /( /fl /t /(issue a guarantee directly to the beneficiaryUnconditional bondswithdraw its bid

53、 / accept the award of con tract in its favor / betwee n 2% and 5%UCP for docume ntary credits / Uniform Rules for Dema nd Guarantee.An advanee paymentborrower (the principal) / the lender (the beneficiary)(10) counter inderrmity2. Define the following terms(1) A bank guara ntee is an in strume nt f

54、or securing performance or payme nt especially in inter national busi ness .It is a writte n promise issued by a bank at the request of its customer, un dertaki ng to make payment to the ben eficiary within the limits of a stated sum of money in the eve nt of default by theprin cipal. It may also be

55、 defi ned as an in depe ndent obligati on where the guarantor has to make a special agreement with its customer, ensuring that it will be refunded by him for any payment to be effected under the con tract of guara ntee.(2) A beneficiary is the party in whose favor the guarantee is issued. He is secu

56、red against the risk ofthe principal1 s not fulfilling his obligations towards the beneficiary in respect of the underlyingtran sacti on for which the dema nd guara ntee is given. He will not obtai n a sum of money if the obligati ons are not fulfilled.(3) An in direct guarantee is a guara ntee wher

57、e a sec ond bank, usually a foreig n bank located in thebeneficiary 1 s country of domicile, will be requested by the initiating bank to issue a guarantee in return for the latter1er.(4) A performanee bond is an undertaking given by the guarantor at the request of a supplier of goods or services or a contractor to a buyer or beneficiary, whereby the guarantor undertakes to make payment to the ben eficiary within the limit of a stated sum of money in the eve nt of default by the supplier or thecon tractor in d